Artfact Names Sam Zales to Board of Directors

Artfact Appoints Sam Zales To Board of Directors

BOSTON, March 5, 2012 – Artfact, the leading live auction software, tools, and services provider, announced today it has added Sam Zales to its Board of Directors. Zales joins current Auction Holdings board members Jeffrey Hurst of Commonwealth Capital Ventures, Geoffrey Oblak of Ascent Venture Partners and Jeffrey Hammes of Kirkland & Ellis.

Artfact CEO Adam Kirsch said Zales’s appointment comes at a time when global interest in both traditional and live, web-based auctions is growing. “Sam’s deep experience leading companies to sustainable growth and his sharp, strategic sense about how to develop customer-focused high tech businesses will help put us in an even stronger position to realize our long term goals.”

Zales was most recently President at Zoom Information, a business information provider that offers real-time, in-depth profiles of millions of businesses and employees, as well as powerful search and targeting tools. His management experience includes roles as CEO at BuyerZone, an online marketplace for business purchasing which was sold to Reed Elsevier, Vice President of Card Marketing at American Express, and a consultant at Bain & Company. Zales is also a Board Member at Technion Boston. He holds an M.B.A. from Northwestern University’s Kellogg School of Management and a bachelor of arts degree in sociology and economics from Dartmouth College.

About Artfact
Artfact provides web-based software, tools and services that connect 25,000 auctioneers with more than 23 million bidders in the world’s largest live auctions marketplace. Artfact’s three websites—Artfact.com, AuctionZip.com and Invaluable.com—list collectibles, art, antiques, real estate, equipment and estate auctions. Auctioneers rely on Artfact’s proven online bidding and auction management software to simulcast their live auctions online. Artfact is privately held and is based in Boston, Massachusetts. Visit www.Artfact.com for more information.